Chris Paul, Larry Fitzgerald Investing in a $ 1 Billion Cricket Team

Chris Paul, Larry Fitzgerald and Kelvin Beachum are investing in the Rajasthan Royals, a cricket team in the Indian Premier League.

As a minority investors of the franchise, which is worth more than $ 1 billion, the trio invested through Emerging Media Ventures, which owns the Royals and is by venture capitalist Manoj Badale.

The newest investment into the league’s ownership comes after a New York-based private investment firm, RedBird Capital Partners, bought a 15% stake in the Royals for nearly $ 37.5 million in June 2020. That addition of the firm bumped Badale’s group’s stake in the club. from 51% to 65%.


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